Pengaruh Financial Leverage, Nilai Saham, Ukuran Perusahaan, Dan Cash Holding Terhadap Praktik Income Smoothing (Studi Empiris Pada Perusahaan Yang Termasuk Dalam Jakarta Islamic Index (JII) Tahun 2016-2020)

The purpose of this paper is to determine the effect of financial leverage, stock value, company size, and cash holding on income smoothing practices in companies listed on the Jakarta Islamic Index for the 2016-2020 period. The data in this study consisted of 11 companies listed on the Jakarta Islamic Index for the 2016-2020 period. Determination of the sample using purposive sampling method and hypothesis testing using logistic regression analysis. Based on the results of logistic regression analysis, it is found that financial leverage has an effect on income smoothing practices, while stock value, company size, and cash holding have no effect on income smoothing practices. This research is limited to companies that are included in JII with a short observation period, namely 2016-2020, and only uses four research variables while there are variables outside the study that contribute to the practice of income smoothing. The benefit of research for companies is that it provides scientific information for the decision-making process, for investors it isexpected to be able to make the right investment decisions, and for further researchers it can be used as material for further research